1958 D Wheat Penny Value (Rare Errors & No Mint Mark)

In today’s blog post we will learn about 1958 D Wheat Penny Value and how they are identified. Philadelphia wheat pennies are different from Philadelphia wheat pennies that don’t have a mint mark. The “No Mint Mark” Wheat Penny (minted in Philadelphia) and the “D” Wheat Penny (minted in Denver) are the two varieties of 1958 Philadelphia wheat pennies that are available.

These pennies are worth one cent if they are in good condition and five cents if they are in superb condition. Very good condition may be valued at about thirteen cents. Uncirculated pennies can range in value from 33 cents to $1.13, with some almost-perfect examples fetching as much as $15012.

1958 D Wheat Penny Value Chart

Mint MarkGoodFineExtremely FineUncirculated
1958 Wheat Penny (Proof)$6.65
1958 “No Mint Mark” Wheat Penny$0.01$0.05$0.13$0.33-$1.13
1958 “D” Wheat Penny$0.01$0.05$0.13$0.33-$1.13

1958 D Wheat Penny Value

These coins come in two varieties: one with the mint mark “D” and another with no mint mark. Here’s a breakdown of their values:

1958 “No Mint Mark” Wheat Penny:

  • Minted in Philadelphia.
  • Good condition: Worth around 5 to 10 cents
  • Uncirculated condition: Ranges from approximately 33 cents to $1.13.
  • Notably, the 1958 “Proof” Wheat Penny, crafted especially for collectors, can be worth $4 to $9 depending on its condition.

1958 “D” Wheat Penny

  • Minted in Denver.
  • Good condition: Also worth around 5 to 10 cents each.
  • Uncirculated condition: Varies from approximately 34 cents to $1.16 or more.
  • The most valuable example of the 1958 doubled die penny (which is extremely rare) sold for an astounding $1,136,250 in a January 2023 auction. Only three such coins are known to exist, making it a true numismatic treasure.

What Is The History Of Wheat Pennies?

The history of the Lincoln penny, sometimes referred to as the Lincoln penny, is intriguing. The currency was first issued in 1909 to honor Abraham Lincoln’s birth. Victor David Brenner created the obverse design, which shows a picture of Lincoln. There are two wheat stalks on the reverse, which is why they are called “wheat pennies.” On August 2, 1909, the coins were released amid much public curiosity.

In 19181, Brenner’s initials were affixed on Lincoln’s shoulder after being prominently featured on the reverse. During World War II, the composition changed from 95% copper to zinc-coated steel, and as a result of inflation, it finally became zinc with an exterior copper covering. Frank Gasparro’s design of the Lincoln Memorial took the place of the wheat reverse in 1959.

How Much Is A 1943 Steel Penny Worth Today?

The United States Mint switched from using copper and nickel to zinc-coated steel during World War II to create coins and armaments, such the Lincoln cent. Similar in appearance to dimes, some of these 1943 steel pennies were unusual and precious since they were manufactured with a standard bronze mix. During an auction in 2010, one penny brought in nearly $1,700,000. Their weight and response to a magnet show how copper and steel pennies differ from one another. 1944 copper coins weigh 3.11 grams and are non-magnetic, whereas steel pennies weigh around 2.7 grams.

How Can I Tell If My 1958 D Wheat Penny Is Valuable?

The 1958 D Wheat Penny is a precious wheat piece whose condition may contain flaws that increase its value significantly.

1. Condition Matters:

  • The state of your coin significantly impacts its value.
  • Coins in Uncirculated condition (pristine) are generally more valuable than those with wear marks or scratches.
  • Let’s explore the value based on different conditions:
  1. Good: Face value (one cent).
  2. Fine: Worth five cents each.
  3. Uncirculated: Can range from $0.34 to $1.16 or more, depending on its condition.

2. Errors and Rarity:

  • Keep an eye out for any unusual features or errors.
  • For instance, a red 1958 Denver Wheat penny graded MS67 can be valued at $275. However, this is an exceptional case.
  • If you notice any anomalies, consult a coin expert or use online resources to identify rare variations.

The 1958 D Wheat Penny, a rare and valuable piece of wheat coin, is a valuable investment in the world of coin hunting.

What Is The Difference Between A Wheat Penny And Lincoln Cent?

Lincoln cents and wheat pennies are two different types of one-cent coins. Produced between 1909 and 1958, the wheat penny shows two wheat stalks on the reverse (Tails) and the profile of President Abraham Lincoln on the obverse (Heads). Because of their unusual design and historical significance, these coins are extremely desirable. On the other hand, all one-cent coins produced by the US Mint since 1909 are included in the Lincoln cent.

Victor David Brenner created the reverse design, which changed throughout time. From 1909 to 1958, it featured wheat stalks; from 1959 to 2008, it became the Lincoln Memorial design; and from 2010 to the present, it is the Union shield design. An intriguing period in the history of numismatics is the wheat penny era.

How Can I Start Collecting Coins?

Combining beauty, history, and the excitement of discovery, coin collecting is a fascinating pastime. Coins may be little goldmines in addition to being bits of metal some can fetch hundreds or even millions of dollars on the market because of their antiquity, rarity, and condition. As each coin narrates a tale from ancient civilizations to the present, collecting coins is like going treasure hunting but with real benefits. It also lets you delve into historical relevance.

Accept coins’ visual attractiveness since they are frequently created by talented artists and serve as historical reminders of culture, values, and events. Since every detail has a history, collecting coins provides educational value. Make modest first investments in easy-to-assemble kits and smaller currency purchases.

1958 Wheat Penny With Off Center Error

Rare flaws like the off-center striking and partial loss of graphic details like wheat stalks or writing make the 1958 Wheat Penny an intriguing coin. The degree of the design alteration and the coins’ off-center look determine their worth.

An interesting numismatic riddle for collectors is a 1958 wheat penny with an off-center striking that was recently sold at auction for $400. The degree of the design modification and the off-center look determine the coin’s worth. The 1958 Wheat Penny is a fascinating example of a rare coin; its value is mostly derived from its off-center strike and lack of mint mark.

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